The Integrated Social Development Centre (ISODEC) is organizing a conference on Ghana Local Content Monitoring and Information sharing on event under the theme:“Oil and gas our last frontier for transforming Ghana’s economy and poverty reduction”, at the College of Physicians and Surgeons, on 7th November 2013 from 9:30am-3:00pm.

ISODEC, in a bid to assist government continual effort of monitoring and evaluation in the oil and gas sector (local content and local participation policy), has developed a Monitoring and Evaluation (M&E) framework to monitor the implementation success of the Local Content Policy and to be Regulations. The above will be achieved by field visits and broader stakeholder engagements thus ensuring ISODECs advocacy work on local content, contributes to the national local content drive.

The objective is therefore to continue the engagement and dialogue with stakeholders and to facilitate the sharing of information regarding local content and local participation in the oil and gas sector. This will also seek commitment from government and industry on the monitoring and evaluation as well as the continuous assessment of the sector.
Ghana local content and local participation policy which spells out government intentions, among other objectives seek to:

Maximize the value-addition and job creation, through the use of local expertise, goods and services, businesses and financing in the oil and gas industry value chain and the retention of benefits within Ghana;

Develop local capability in all aspects of the oil and gas value chain through education, skills and expertise development, transfer of technology and know-how and an active research and development portfolio;

Achieve at least 90 percent local employment and in-country spend in the oil and gas industry value chain within a decade of the start of every petroleum license or contract, in the provision of such supplies and services that are determined by the LCC(Local Content Committee) to be of high priority to Ghana;

Increase capabilities and international competitiveness of domestic businesses and industrial sectors;

Create oil and gas and related supportive industries that will sustain economic development;

Achieve and maintain a degree of influence or control by Ghanaians over development initiatives for local/domestic stakeholders; and

Provide a rigorous and transparent monitoring and reporting system to ensure delivery of the Policy Goals.
The policy has been revised several times with the intention of ensuring that the local content in the oil and gas industry serves as the main source of economic benefit and prosperity for Ghanaians.

About Us

Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
read more